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Question

Grant Co.'s sales budget shows the following projections for the year ending December 31:

Quarter

Units

First 30,000

Second 40,000

Third 22,500

Fourth 27,500

Total 120,000

Inventory at the beginning of the year was budgeted at 9,000 units. The quantity of finished goods inventory at the end of each quarter is to equal 30% of the next quarter's budgeted sales of units. What amount should the production budget show for units to be produced during the first quarter?

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